Originally Posted by
indomie
Land cost is not zero. Land (among other things) is what guarantee your CPF. It is what backing singapore dollar. U don't want the gov simply print money everytime someone withdrawing CPF funds.
As the population grow and more people needed their CPF money, land price has to increase accordingly.
many ppl do not realize land is our only natural resources when oil has increased from USD20 to USD100 and gold has increased from 500 to 1500USD, our land price must increase proportionally .. proceeds from GLS actually go to Temasek/GIC to generate investment return
and no more freehold .... sell u 99y only want cheap HDB, how about 60LH
Ride at your own risk !!!